4/A: Broadcom CEO Amends Stock Sale Details

Broadcom CEO Hock E. Tan filed an amended Form 4 to correct a transcription error regarding a stock sale of 148,514 shares on September 10, 2025.

Summary

• Hock E. Tan, President and CEO, and a Director of Broadcom Inc., filed an amended Form 4.
• The amendment corrects a transcription error in a prior filing related to a transaction on September 10, 2025.
• The transaction involved the disposition of 148,514 shares of Broadcom Common Stock at a price of $336.67 per share.
• The error was in accurately reflecting the number of shares contributed into an exchange fund.
• Following the corrected transaction, Hock E. Tan beneficially owns 482,836 shares directly and 825,638 shares indirectly through a trust.

Sentiment

Score: 5

Explanation: The filing is a factual correction of a past insider transaction and does not inherently reflect positively or negatively on the company's operational or financial performance. It represents a neutral administrative update.

Positives

• The prompt filing of an amendment demonstrates transparency and adherence to SEC reporting requirements.
• The correction of the error ensures accurate public disclosure of insider transactions.

Negatives

• An initial transcription error occurred in the broker's confirmation letter, leading to an inaccurate prior filing.

Risks

• The risk of inaccurate reporting of insider transactions, though mitigated by the amendment.

Future Outlook

This filing is a correction of a past transaction and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Management Comments

• The amendment corrects an error in the prior filing (due to a transcription error in the broker's confirmation letter) to accurately reflect the number of shares contributed into an exchange fund.

Industry Context

Form 4 filings are standard regulatory disclosures for insider transactions, providing transparency into management's holdings. An amendment to correct a transcription error is a routine, albeit minor, administrative event within this regulatory framework, ensuring data accuracy for market participants.

Comparison to Industry Standards

• This filing is a standard regulatory amendment for insider trading disclosures, common across all publicly traded companies subject to SEC regulations.
• The correction of a transcription error is a procedural step to maintain compliance, aligning with best practices for accurate financial reporting in the industry.

Related Party Transactions

• Hock E. Tan's indirect beneficial ownership of 825,638 shares is held by a trust, which is a common structure for executive holdings.

Stakeholder Impact

• Shareholders: Provides accurate and updated information regarding insider holdings and transactions, enhancing transparency.
• Regulatory Authorities: Demonstrates compliance with SEC reporting requirements through the correction of a prior error.

Key Dates

Keywords

Broadcom, AVGO, Hock E. Tan, Form 4, Insider Transaction, Stock Sale, Amendment, CEO, Director